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Tuesday, February 4, 2014

General Economics

News                                                                                                                             
Politico | Obama knocks Keystone jobs estimate in interview
President Barack Obama questioned how many construction jobs the Keystone XL pipeline would create in an interview shown on Fox News on Monday night.
Bloomberg | Keystone Foes Struggle for Silver Lining in U.S. Report
Activists fighting the Keystone XL pipeline are digging deep into a more than 7,000-page environmental analysis to marshal reasons President Barack Obama should reject the project.
CNN Money | World markets battered again
Japanese stocks took another dive on Tuesday, leading global markets lower as investors took their cue from a dismal performance on Wall Street.
Bloomberg | Natural Gas Surges as Forecasts Show Arctic Cold Persisting
Natural gas futures jumped in New York, rising for the first time in four days, on forecasts for a polar blast that would deplete stockpiles of the heating fuel.
Market Watch | U.S. factory orders fall 1.5% in December
Orders for goods produced in U.S. factories fell 1.5% in December, the U.S. Commerce Department reported Tuesday.

Econ Comments & Analysis                                                                                            
Real Clear Markets | The Verdict On Keystone XL Is In
With the State Department's announcement that the Keystone XL pipeline poses no environmental risks, the verdict is now in, and the pipeline should be approved.
Washington Times | Why the people don’t trust government
No one tests the historic optimism of the American people quite like your average politician. Poll after poll finds a deep distrust of government, with more than two-thirds saying they can’t believe what they hear from Washington.
Washington Times | A world of economic trouble
There are many signs that the world may be headed for a new economic slump, or worse. Which countries are best positioned to weather such a downturn and which are not?
Fortune | Why banking and work-life balance don't mix
Citigroup is the latest Wall Street bank to limit work hours, but that won't mean underlings will have more time to kick back.
Time | Nearly Half of America Lives Paycheck-to-Paycheck
The economic picture is looking brighter these days. The federal government announced Thursday that economic growth had picked up to its fastest pace in two years, while employment growth over the past five months has averaged a healthy 185,000 new jobs. But as evidenced by a report out Thursday from the Corporation for Enterprise Development, nearly half of Americans are living in a state of “persistent economic insecurity,” that makes it “difficult to look beyond immediate needs and plan for a more secure future.”
Reason | "We imagine that punishing the rich will miraculously uplift the poor," Says Washington Post Columnist
Evidently the Democrats hope that flogging the class warfare, uh, the growing inequality meme will enable them to cling to their control of the U.S. Senate and put them in charge of the House of Representatives.

Blogs                                                                                                                             
Market Watch | Home-price growth predicted to slow down this year
The pace of annual home-price growth moderated at the end of 2013 and is expected to slow down this year as pricier properties entice more sellers to place their homes on the market, thereby expanding supply, data released Tuesday morning signal.
WSJ | World-Wide Factory Activity, by Country
Much of the world’s factory sector was expanding in December, slowing just a bit from the previous month.